Looks like Laxmi Organic Industries Ltd about to start uptrend ?
LXCHEM comapny is done coorrecting from chart's point of view. Looks like Double bottomm in weekly chart.
It comes from chemical sector where all stocks from this sector are coming out from long downtrend. So looks like sector backup is there.
Need to wait for trendline and Horizontal reistance breakout to confirm for safe trader.
Can be a plan very good long term trade.
Note: No idea about Fundamentals.
It comes from chemical sector where all stocks from this sector are coming out from long downtrend. So looks like sector backup is there.
Need to wait for trendline and Horizontal reistance breakout to confirm for safe trader.
Can be a plan very good long term trade.
Note: No idea about Fundamentals.
Nota
It achieved Target-1 last week.
Now its coming to 275 again for support. Will add after signalling reversal.
Nota
Last 2 weeks it tried to close above support
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